Nike announces strategic distributor partnerships in brazil, argentina, chile and uruguay

Nike, inc. announces strategic distributor partnerships in brazil, argentina, chile and uruguay.nike inc - relationship with and commitment to athletes, clubs and federations in brazil, argentina, chile and uruguay will remain unchanged.nike inc - when transition is complete, grupo axo will acquire nike's operations in argentina, chile and uruguay.nike inc - grupo sbf s.a. will become owner of substantially all of nike's operations in brazil.nike inc - will recognize a one-time, non-recurring charge related to foreign exchange of approximately $425 million related to transition.nike inc - transitioning its nike brand business in brazil, argentina, chile and uruguay to strategic distributor partnerships.
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